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September 17, 2024
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Dina Boluarte hands over Petroperú to the left

Alejandro Narváez

Alejandro Narváez, who in 2021 ran for Congress for Apurímac with the party led by leftist Verónika Mendoza, was at the Government Palace a few days ago to meet with President Dina Boluarte, carried by Oscar Veraunion member of Petroperú.

LOOK: The government proposed Alejandro Narváez as president of Petroperú

According to company sources, the meeting served to convince Boluarte to grant him control of the oil company, thereby ceding the company to the left as if to completely ruin it.

Narváez is a statist by conviction. In 2006, he ran for Congress for Lima and as vice president of the New Left Movement.

Despite the more than S/10,000 million that the State has disbursed to Petroperú without success and all the frills it gives to its workers, Narváez recently stated that the resigning board has exaggerated the problem of the oil company.

“All the companies I know are having a hard time in these times of crisis. Petroperú is no exception, especially with an investment project like the Talara Refinery,” he told RPP.

Narváez even railed against Oliver Stark’s board of directors, saying that it was not the recommended management, since they have had seven months to manage the company and deliver good results, and that “all they have done is complain and ask for more money.” Therefore, he indicated that private management is not the only option.

LOOK: SNMPE: Petroperú requires a technical restructuring independent of political interests to achieve its viability

They decline

This opposition to private investment has also been expressed in the mining sector. On his Facebook account, he has a post stating that “the real mining contribution is a mockery.”

This stance by Narváez is what has led the resigning directors, representatives of the MEF, who had decided to stay with the oil company to reverse their decision.

“The team (the three MEF directors) is not in favor of him. It is very complicated. They have been offered the possibility of being directors with Narváez, but they have not accepted, because it would be a setback for the oil company,” said sources from Peru21.

The worst thing is that this decision to put Narváez at the head of the state-owned company takes place in a context in which the Government has offered a new bailout to the oil company for US$2,692 million, according to calculations by the National Society of Mining, Petroleum and Energy (SNMPE).

The question that arises is: will the burden of Minister Arista and Mucho be so heavy that they will turn a blind eye to this decision by Dina Boluarte?

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